CORZ
vs
S&P 500
CORZ
S&P 500
Over the past 12 months, CORZ has underperformed S&P 500, delivering a return of +13% compared to the S&P 500's +15% growth.
Stocks Performance
CORZ vs S&P 500
Performance Gap
CORZ vs S&P 500
Performance By Year
CORZ vs S&P 500
Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.
Core Scientific Inc
Glance View
Core Scientific Inc. emerged as a significant force in the digital mining landscape, specializing in blockchain infrastructure and hosting services. As one of the largest players in the industry, Core Scientific provides essential support for the booming cryptocurrency market, notably Bitcoin, by operating vast data centers that host an enormous number of high-powered computers. These computers solve complex mathematical equations, a process known as mining, which is essential for validating transactions on the blockchain and for the creation of new cryptographic coins. The firm's business model is centered around the operation and management of these data centers, leveraging economies of scale to deliver efficient and reliable crypto mining capabilities both for itself and on behalf of external clients. The company’s revenue streams are diversified across multiple verticals within the crypto ecosystem. Core Scientific makes money by offering hosting services to other miners, essentially renting out the computing power of their extensive equipment. This model provides a consistent cash flow, as clients pay for space, power, and service. At the same time, they actively mine cryptocurrencies for their own reserves, betting on the long-term appreciation of digital assets. Furthermore, they provide technical support and expertise to optimize mining operations for efficiency and profitability, thereby positioning themselves as a crucial partner in the infrastructure end of the cryptocurrency market. This dual strategy of self-mining and hosting offers multiple pathways to capitalize on the ongoing momentum in the crypto space.
